Dukascopy offers free demo. Read our review, this is not a scam!

Dukascopy review

Dukascopy Europe is not just yet another binary options broker. It's also a highly renowned brand in the world of Dukascopy, the mother company, owns a Swiss banking license and all the funds deposited up to 100,000 CHF are under FINMA guarantee.

Registration link!

Sign-up to a broker (check the list of promotional brokers) from our link, spend a deposit, make a few transactions and get access to unique strategies and tools at our VIP ZONE!

Tired of looking for a broker that does not need your fervent prayers to work or handle your payouts? Do you find yourself dreaming of a broker that does not create ratings, but subscribes to them? Or maybe you're sure of your binary skills and you'd like to start with the high numbers, but all the limits or rates make it impossible? There's no blocking or limiting of accounts with Dukascopy. Your rates won't suddenly go low. High standards and high numbers = Dukascopy, a Swiss Forex bank that is well­-known in the Forex market which is reflected in the plethora of awards that Dukascopy has received throughout the years.

In May 2014 Dukascopy launched its own original binary options platform. Bear in mind, though, that the Swiss­-based Dukascopy Bank and the Latvia-­based Dukascopy Europe are two different entities. While Dukascopy bank is a licensed Swiss bank and the mother company, its 100% child, Dukascopy Europe, is a brokerage house licensed by the Latvian Financial and Capital Market Commission as well as the Polish Financial Supervision Authority.

Both entities deal with binary options, but we'll concentrate on Dukascopy Europe since it is more straight­-forward and cheaper than Dukascopy Bank (it takes a lot to set up an account, and you need to deposit at least $1000). Dukascopy Europe is more user­-friendly and you can start with depositing just $100 and investing as little as $1!

Your account will be verified (you need to provide documents with your personal data and address), which takes up to a couple of business days, but it is handled online.

Dukascopy organizes monthly contests, e.g. the best binary options trader, and the prizes are accumulated on your Live account.

Dukascopy platform

Thoroughly original and confidential, Dukascopy's platform is all about being professional and technologically advanced, while remaining simple and easy to comprehend at the same time. Pay extra attention to the price chart – actually, you won't be able miss this glorious product. Nor will you overlook the tools that can be used with the chart, because there is no other platform with this many tools. You can follow the chart many years back, make use of plenty of different indicators, set any parameter for any of the indicators, choose a detailed one­-month or one tick time interval. You may also add a favorite time interval so that you can access it whenever you want. The chart may be a line, a bar or a candlestick. You may even see the economic calendar inside the chart.

Needless to say, the platform is clear­-cut and the option execution is a no-­brainer. There is no unnecessary information cluttering the platform, no ads or trivial webinars. All you need is a currency pair, rate, time interval, returns and call or put. When you go with a different pair, the data are there already, so you can do it quickly.

A pending order is another interesting aspect of Dukascopy: you can choose when exactly an options starts in the future. An option like that can be cancelled before its start. It's especially useful when using a strategy with a start being set at when the candle goes out. You can cancel the option when it does not cover your strategy's prerequisites or just let it start automatically: all in one – or zero – click. It's especially important with short-­term strategies, e.g. 60 seconds, when the opening time is essential.

Still, the platform is still a work in progress. You only get to choose the classic high/low, and currency pairs and CFDs comprise the assets. Soon stocks, indices and commodities will join the assets section. For now the maximum expiry time is 1 hour and the minimum is 60 seconds, but it should be 24 hours soon enough. We get to decide when we want an option to open or close, it's not predetermined by the broker.

An exceptionally high returns on all the options, 90% – one of the highest number there is. To get more for a lost option, we can also go for 70%, as exemplified below:

Return

Return from failed option

90%

0%

85%

5%

80%

10%

75%

15%

70%

20%

Dukascopy does not use its own ratings of the assets' prices. With Dukascopy the Forex and the binary options market both use an actual, real-­life ratings, SWFX – Swiss Forex Marketplace with variable spreads (the difference between the bid and ask price of the assets). Therefore, we get two price charts of an asset (BID and ASK) to switch in the chart. A PUT option will be open at BID, while a CALL option will be open at ASK. With a CALL option an expiry is realized at BID, while it's at PUT with an ASK price.

Spreads are variable because they are within an ECN trading environment. Here, they're very low, e.g. EUR/USD spread is the average of 0.2-­0.3 pips, one of the smallest spreads there are.

There is no way to influence or change the course, ratings or spreads, as they are provided externally. Some brokers manipulate the prices or spreads, but you do not have to worry about that with Dukascopy as it merely passes them along.

You need to wait 3 seconds to open an option, which means that, for instance, a one­-minute option that should open at 12:00:00 will actually "work" with the price at 2:00:03 and expire at 12:01:03. No option is allowed to expire after 21:59:59 GMT in the winter time, or 20:59:59 GMT in the summer time. A draw is simply a loss ("out of the money").

The platform can be accessed on mobile devices (Android and Apple).

Dukascopy deposits and withdrawals

You can fund your Dukascopy account using a bank wire or a credit/debit card.

a direct bank wire to a Swiss account (recommended for those withdrawing from a foreign currency account);

credit card is the fastest way to go. You can go as high as $5000 using a debit card (Maestro, Visa Electron) or a credit card (MasterCard, Visa). The fees are set at 2%.

Payouts are handled within 2-­3 hours on business days.

DEMO account

Dukascopy offers a 14­-day free access to a demo account with all the options a live account has.

Client support

The website has been translated into 12 languages. You can contact them via e­-mail (info@dukascopy.eu) or phone.

Educational materials

There aren't many reading materials in here since the broker has been mostly into the Forex market and the binary part has just happened. Some general information regarding the binary options will do for now, but those who wish to learn more can go to the Forex section and analyze the market there.

Bonus

There are no bonuses offered.

Dukascopy SCAM?

Not much has been said about the broker since the platform is quite fresh. However, as it operates under banking and financial licenses, the transactions are heavily controlled. Dukascopy is a thriving and credible brand with million dollar turnovers. As such, it's the most trustworthy broker we've reviewed so far, therefore it's the recommended choice for those who wish to invest more.

Summary

A truly credible entity, Dukascopy has just started its binary options adventure. The platform, created by the Forex experts, keeps on developing and expending, so that more and more advanced tools used for technical analysis are available and the interface is being perfected all the time.

Moreover, the broker's minimum deposit and investment are very low, so even newbies or those who do not like spending too much money can become members of this celebrated big name broker. If you don't want to invest at all, you can also go for the demo account.

Categories

Newsletter

Let us keep you updated!

Follow us!

2015 WatchBinaryOptions

Please note that binary options trading is a high­risk activity. Information on
watchbinaryoptions.com does not constitute an offer, nor should it be considered as
recommendation or request to buy or sell. Information on watchbinaryoptions.com should only
be considered as opinions of private persons and companies cooperating with the service.

Although watchbinaryoptions.com does its best to make sure that all the information is complete
and accurate, it cannot be guaranteed. Therefore, the service cannot be held culpable for any
and all losses, including losses directly or indirectly connected to using or relying on the information found on the website.

WatchBinaryOptions.com has been created by a private person. It is also managed and
administered by a private person. WatchBinaryOptions.com is not a company website. If you have
any additional questions please do not hesitate to contact me via the contact form.